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Vireo Growth Inc (VREOF)
:VREOF
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.02Last Year’s EPS
-0.05Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: -10.26%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a strong financial performance with record revenue and margins, successful capital raising, and strategic investments positioning the company for future growth. However, it also highlights challenges with increased net loss, declining revenue in New York, and increased operating expenses.Company Guidance
In the recent earnings call for Vireo Growth Inc., the company reported robust financial performance for the fiscal year 2024, with total revenue reaching approximately $100 million, marking a 15.4% year-over-year increase. This growth was largely driven by a 56% increase in the Maryland market, alongside modest growth in Minnesota. The fourth quarter revenue was $25 million, reflecting a 3.5% year-over-year rise. Vireo also highlighted a record gross margin of 51.1% for the year, attributed to the exit from New Mexico operations and the commencement of adult-use sales in Maryland. Operating income peaked at $13.6 million despite one-time transaction expenses related to pending mergers. The company's financial position is strong, with $91.6 million in cash following an $81 million private placement. Strategic investments are underway, including the development of a new cultivation facility in Elk River, Minnesota, supported by financial commitments of $15 million and $11.5 million at fixed interest rates of 9.25% and 10.5%, respectively. Vireo aims for significant growth in 2025, driven by mergers, expansions in Minnesota and New York, and the anticipated launch of adult-use sales.Record Revenue and Growth
Total revenue for the full year increased 15.4% year-over-year to approximately $100 million, with fourth quarter revenue increasing 3.5% year-over-year to $25 million. Record gross margin for the full year was 51.1%.
Successful Capital Raise
Closed an $81 million private placement in December, oversubscribed and completed at a substantial premium to market, ending the year with $91.6 million in cash.
Growth in Maryland Market
Maryland market saw a 56% growth, contributing significantly to the overall revenue increase.
Strategic Growth Investments
Secured financial commitments of $26.5 million for the build-out of a new indoor cultivation facility in Minnesota and increased premium flower production in New York.
Merger Transactions
Pending merger transactions expected to close in 2025, positioning the company for a transformational year.
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VREOF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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VREOF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 04, 2025 | $0.39 | $0.35 | -10.26% |
| Nov 13, 2024 | $0.41 | $0.40 | -2.44% |
| Aug 06, 2024 | $0.43 | $0.47 | +9.30% |
| May 07, 2024 | $0.54 | $0.54 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Vireo Growth Inc (VREOF) report earnings?
Vireo Growth Inc (VREOF) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Vireo Growth Inc (VREOF) earnings time?
Vireo Growth Inc (VREOF) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VREOF EPS forecast?
VREOF EPS forecast for the fiscal quarter 2025 (Q1) is -0.02.
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